Navigating 4 Analyst Ratings For Freshworks
Portfolio Pulse from Benzinga Insights
Freshworks (NASDAQ:FRSH) has received mixed analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for FRSH has been raised to $29.25, indicating a 24.47% increase from the previous target. Analysts from JMP Securities, Jefferies, Piper Sandler, and Needham have all raised their price targets, reflecting optimism about the company's market performance and product offerings. Despite this, Freshworks faces challenges in net margin and ROA, indicating potential profitability and asset utilization issues.
February 07, 2024 | 5:01 pm
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POSITIVE IMPACT
Freshworks has seen a positive shift in analyst ratings with an increased average 12-month price target of $29.25. Despite this optimism, the company faces challenges in profitability and asset utilization.
The increase in the average 12-month price target for Freshworks, along with the upgrades from analysts, suggests a positive short-term outlook for the stock. However, the company's below-average net margin and ROA indicate underlying challenges that could temper gains. The mixed analyst ratings reflect both optimism about the company's market position and product offerings, and caution due to its financial performance metrics.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100